Published on 11/20/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.89 million step down trigger autocalls on S&P, Russell, Stoxx
By Wendy Van Sickle
Columbus, Ohio, Nov. 20 – JPMorgan Chase Financial Co. LLC priced $3.89 million of 0% step down trigger autocallable notes due Nov. 19, 2021 linked to the least performing of the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annual call premium of 8.85% if each index closes at or above its initial level on any annual review date after one year or at or above its 65% downside threshold on the final date.
If the notes are not called, the payout at maturity will be par plus the return of the worse performing index with full exposure to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Step down trigger autocallable notes
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| Underlying indexes: | S&P 500, Euro Stoxx 50, Russell 2000
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| Amount: | $3,885,000
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| Maturity: | Nov. 19, 2021
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| Price: | Par of $10
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| Payout at maturity: | Par plus return with 1% loss per 1% decline of worse performing index
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| Call: | At par plus 8.85% per year if index closes at or above its initial level on any annual review date or above 65% downside threshold on final date
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| Initial levels: | 1,527.533 for Russell, 2,736.27 for S&P and 3,180.74 for Stoxx
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| Downside thresholds: | 992.896 for Russell, 1,778.58 for S&P and 2,067.48 for Stoxx, 65% of initial levels
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| Pricing date: | Nov. 16
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| Settlement date: | Nov. 21
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48130V327
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